NB Distressed Debt Investment Fund Limited is a Guernsey-based closed-end investment company. The Company's primary objective is to provide investors with attractive risk-adjusted returns through long-biased, opportunistic exposure to stressed, distressed and special situation credit-related investments while seeking to limit downside risk by, among other things, focusing on senior and senior secured debt with both collateral and structural protection. It invests in various sectors, including surface transport, oil and gas, containers and packaging, and financial intermediaries. It invests in various countries, including the United States, Brazil, Luxembourg and Spain. The Company is managed by Neuberger Berman Europe Limited. The Company’s alternative investment fund manager is Neuberger Berman Investment Advisers LLC.
Trust Information
About this company
Objective
To provide investors with attractive risk-adjusted returns through long-biased, opportunistic exposure to stressed, distressed and special situation credit-related investments while seeking to limit downside risk by, amongst other things, focusing on senior and senior secured debt with both collateral and structural protection.
Costs
- Ongoing charge -
- Annual management charge -
- Performance feeNo
Fee structure
Manager is entitled to a management fee, which shall accrue daily, and be payable monthly in arrears, at a rate of 0.125% per month of the NAV
Value Assessment
- Value Assessment review date-
- Value Assessment next review date-
- Is Assessment of Value required under COLL? -
- Outcome of COLL Assessment of Value -
- Outcome of PRIN Value Assessment or review -
- Other review related to value and or charges -
- Further information-
Key facts
- CurrencyUSD
- BenchmarkNo benchmark
- Shares in issue15.38m
- Gross gearing0.00%
- EPICNBDD
- ISINGG00BPNZ1C58
- DomicileGuernsey
- ExchangeLondon Stock Exchange (LON)
- Index
- Website
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Overview of the company, currency, shares in issue, EPIC, location, exchange, index, website, Data sourced by LSEG. Objective, Costs, Fee Structure, Key facts including Benchmark, Gross gearing are provided by MorningStar.